Market Research Future (MRFR) has published a cooked research report on the “Global Construction adhesive tapes Market” that contains information from 2018 to 2032. The construction adhesive tapes market is estimated to register a CAGR of 4.90% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the global construction adhesive tapes market— 3M Company, Advance Tapes International Ltd, Beery Global Inc., Bostik, DENSO-Holding GmbH & Co., HiCube Coating, Ideal Tape Company, Intertape Polymer Group, Lohmann GmbH & Co.KG, Nichiban Co., Ltd., Nitto Denko Corporation, Saint-Gobain Weber Co., Ltd., Scapa Group Ltd, Sika AG, and Tesa SE.
Construction Adhesive Sealant Market Highlights
The global construction adhesive tapes market is accounted to register a CAGR of 4.90% during the forecast period and is estimated to reach USD 3.69 Billion by 2032.
Due to an increase in construction activity in emerging nations around the world, the market for building and construction tapes is anticipated to grow significantly over the forecast period. As a result of melting adhesion under high temperatures, excessive heat can radically alter the adhesive performance of construction tapes. In an effort to help the environment, numerous businesses that participate in the global market for building and construction tapes have already moved their attention to the creation of eco-friendly tapes.
Segment Analysis
The global construction adhesive tapes market has been segmented based Technology, Resin Type, Application, and End User.
On the basis of Technology, the market is segmented into Hot-Melt Based, Solvent-based, and Others. The hot-melt based segment was attributed to holding the largest market share in 2022, because of a rapid setup, ease of use, speedy processing, and other factors.
Based on Resin Type, the global construction adhesive tapes market has been segmented into Acrylic, Rubber, and Others. The acrylic segment was expected to hold the largest market share in 2022, because they provide greater resistance to other chemicals, water, and solvents.
On the basis of Application, the market is segmented into Flooring, Roofing, Windows & Doors, Walls, HVAC & Insulation, and Others. The flooring segment was attributed to holding the largest market share in 2022, due to its great resistance to abrasion and heat, and smooth surface finish.
Based on End User, the global construction adhesive tapes market has been segmented into Residential, and Non-Residential. The residential segment was expected to hold the largest market share in 2022, Because of their advantages, including greater strength, better finish quality, and improved tensile strength, construction adhesive tapes are used in residential applications.
Regional Analysis
The global construction adhesive tapes market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe construction adhesive tapes market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The construction adhesive tapes market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World construction adhesive tapes market comprises of Middle East, Africa, and Latin America.
The largest market share for construction adhesive tapes was maintained by the North American regional sector. The national governments' initiatives to accommodate the expanding population with housing options are responsible for the growth. The regional residential construction industry is anticipated to expand as a result of the presence of autonomous organizations like INFONAVIT, PEMEX, and CONAVI.
Moreover, the Europe market has been persistently growing over the forecast period. Since there are so many well-established end-use industries in Europe, including the automotive, healthcare, food & beverage, and consumer electronics sectors, there is a sizable market for sticky tapes. Through the development of cutting-edge products, adhesive tape producers help the market expand in Europe.
Additionally, due to the rising use of foam backing material in double-sided goods, which are widely employed in numerous building applications, Asia Pacific is predicted to experience an increase in demand for the material. PVC backing material has experienced high volume growth due to its qualities, such as heat resistance and dimensional stability, which also contribute to its expanded use in the expanding construction industry in this region.
Furthermore, the rest of the world's construction adhesive tapes market is divided into the Middle East, Africa, and Latin America. This growth is attributable to the private sector's involvement in the construction of infrastructure for economic growth. Government support, a rise in investor interest, and the viability of the technology in the sector are all contributing factors to the market expansion.
Key Findings of the Study
- The global construction adhesive tapes market is expected to reach USD 3.69 billion by 2032, at a CAGR of 4.90% during the forecast period.
- The Asia-Pacific region accounted for the fastest-growing global market due to the rising use of foam backing material in double-sided goods, which are widely employed in numerous building applications
- Based on technology, the hot-melt based segment was attributed to holding the largest market in 2022.
- 3M Company, Advance Tapes International Ltd, Beery Global Inc., Bostik, DENSO-Holding GmbH & Co., HiCube Coating, Ideal Tape Company, Intertape Polymer Group, Lohmann GmbH & Co.KG, Nichiban Co., Ltd., Nitto Denko Corporation, Saint-Gobain Weber Co., Ltd., Scapa Group Ltd, Sika AG, and Tesa SE.
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Companies Covered | 15 |
Pages | 128 |
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